In Episode 15 of the Dream Retirement In Mexico podcast, host Risa Morimoto chats with guest Suki Tranqille to discuss their experiences and lessons learned during their journey of moving and buying property in Oaxaca, Mexico.
Suki shares advice and cautionary tales about working with architects as contractors, emphasizing the importance of separate architectural plans and thorough budget examination. She recounts her initial plans to move to Medellin, Colombia with her family which was then disrupted by the COVID-19 pandemic. Still wanting to move outside of the United States, they learned that Mexico was allowing foreigners so they took a trip to Oaxaca, Mexico instead. They fell in love immediately.
Suki expresses her love for Oaxaca, a vibrant city that meets the criteria of a mountain town with fresh air, diverse cultural activities, and a vibrant food scene. She also stresses the significance of learning Spanish to navigate daily life and establish connections with locals.
The episode covers important factors to consider when buying property, such as the need for a centralized real estate system in Mexico and the need to take time and not feel pressured into a deal. She has successfully purchased and then renovated her home.
Suki shares different popular expat neighborhoods in Oaxaca. She recommends that if you are looking to rent, then to check out short term leases in different neighborhoods to properly experience the vibe of each location.
[00:01:23] Happy accident leads to life-changing relocation
[00:03:24] Unexpectedly ended up in Oaxaca
[00:11:10] Expats prefer certain areas with eco parks and golf courses
[00:24:05] Low maintenance costs and no heating bills
[00:27:32] Architects in Mexico often act as contractors. Don’t hire them for both roles.
[00:32:49] Learning Spanish saves money, promotes connection
[00:37:03] Costly mistakes due to lack of information. Watch before buying or renovating homes
About Our Guest –
Suki Tranqille is a trusted guide to navigating the intricate world of Mexican real estate. With extensive experience in buying and renovating property in Oaxaca, Mexico, and a deep appreciation for Mexico’s rich culture, Suki brings a unique blend of expertise and passion to buying a home in Mexico.
Born with a spirit of adventure, Suki’s interest in real estate began as she explored diverse global housing markets. Her experiences living in various countries ignited a fascination with the intricate processes of purchasing property as a foreigner. This
passion led her to buy in the Mexican real estate market, where she has spent years honing her knowledge and establishing invaluable connections.
As the author of the Mexico Home Buying Course, Suki is dedicated to demystifying the complexities of buying property in Mexico. Her witty, approachable demeanor and sharp analytical skills enable her to break down complex concepts into digestible, actionable insights. Suki’s course is a haven for those who seek to make their Mexican property ownership dreams a reality without the stress and uncertainty often associated with international transactions.
Suki Tranqille is a discerning consultant, sought after by both first-time buyers and seasoned investors. Her guidance extends beyond the obvious, as she provides personalized advice tailored to individual needs. Suki believes that an informed buyer is an empowered buyer, and she is dedicated to empowering her audience with the knowledge they need to make confident decisions in Mexico’s dynamic real estate market.